GREAT LAKES ASSOC OF ORTHODONTISTS

EIN: 316038972

WORTHINGTON, OH

Total Revenue
$498,844
Total Expenses
$482,051
Total Assets
$1,070,312
Net Assets
$881,087
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
OH
Principal Officer
DR J MARTIN PALOMO
Phone
6142284710
Tax Period
2023-07-01 to 2024-06-30

GREAT LAKES ASSOC OF ORTHODONTISTS, founded in 1982, is a small nonprofit that reported $499K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 3% surplus.

Mission

TO PROMOTE THE ETHICAL DELIVERY OF QUALITY ORTHODONTIC CARE BY PROVIDING ITS MEMBERS WITH EDUCATIONAL OPPORTUNITIES AND INFORMATION REGARDING ADVANCES IN ORTHODONTIC TREATMENT AND TECHNOLOGY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $145,405
Program Service Revenue $334,409
Investment Income $15,030
Other Revenue $4,000
TOTAL REVENUE $498,844

Expense Breakdown

Grants Paid $750
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $481,301
TOTAL EXPENSES $482,051

Year-over-Year Comparison

2023 2022 Change
Revenue $498,844 $377,486 +0.3%
Expenses $482,051 $302,421 +0.6%
Net Income $16,793 $75,065 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
24

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR FATIMA AHMED DIRECTOR 2.00
Director
$0 $0 $0
DR DANA CRAIG DIRECTOR 2.00
Director
$0 $0 $0
DR LANA R HELMS DIRECTOR 2.00
Director
$0 $0 $0
DR J MARTIN PALOMO PRESIDENT 2.00
Officer Director
$0 $0 $0
DR THOMAS J ROBINSON DIRECTOR 2.00
Director
$0 $0 $0
DR SCOTT O SCHULZ VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DR MICHAEL SHERMAN TRUSTEE 2.00
Director
$0 $0 $0
DR DREW SMITH DIRECTOR 2.00
Director
$0 $0 $0
DR KELTON T STEWART PRESIDENT-EL 2.00
Officer Director
$0 $0 $0
DR MARIAN WOLFORD SECRETARY/TR 2.00
Officer Director
$0 $0 $0
DR TASHA E HALL EDITOR 2.00
$0 $0 $0
DR VALERIE D MARTONE PAST-PRESIDE 2.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $498,844 $482,051 $1,070,312 $16,793
2023 $377,486 $302,421 $985,574 $75,065
2022 $298,896 $267,822 $835,786 $31,074
2021 $191,272 $98,365 $836,593 $92,907
2020 $373,600 $333,491 $636,933 $40,109
2019 $204,396 $173,715 $702,770 $30,681
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